Compliance officers and managers are the closest thing a bank has to in-house law enforcement. Banks spend tens of billions of dollars each year on regulatory compliance and ensuring that they are following all the banking guidelines. This is precisely …
Banking Careers – Operations
Understanding Bank Operations The banking operations department is a back-end team responsible for executing and settling transactions initiated by the front-end teams while ensuring adherence to risk or regulatory guidelines. Almost every banking division has a shared or dedicated operations …
Banking Careers – Fraud Risk Analyst
What is a Fraud Analyst? Fraud analysts are risk professionals whose job is to prevent, deter, detect and investigate acts of fraud committed against the bank or its customers. Banks use different terms for this position like – fraud risk …
Internal Audit Career Guide
What is Internal Audit? Internal audit is a functional team that assesses the quality and effectiveness of the bank’s internal compliance, control, risk management, governance and operational procedures and systems. Most countries mandate the creation of an independent Internal Audit …